Despite the gains, the Ethereum price remains 45% down on the start of the year.
(Picture: REUTERS)The price of Ethereum has jumped 10% to recover to its highest level in two months after the cryptocurrency announced testing work was under way to make using the coin more efficient.
The move, scheduled for September, will see the digital asset transfer from what’s known as a proof-of-work to a proof-of-stake mechanism, which consumes less energy and is set to make using the coin much cheaper.
